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China Can Maintain 5% Growth Rate For Several Years

CHINA PRESS
MNI (BEIJING)

China can achieve sustained economic growth close to 5% if the services industry opens further, according to Keyu Jin, a professor of economics at the London School of Economics. Speaking at the World Economic Forum in China, Jin said Beijing’s drive for innovation-led growth will not happen quickly and policymakers should balance efforts with developing the services sector, which can raise employment and household income quicker. Jin also believed regulators can enhance China's financial industry by boosting connection with the international system.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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